2025 Impact
By The Numbers
2025 INVESTMENT
$5.6M
Invested directly by MVF
+
$26M
Private Co-investment
$119M
In Revenue
756
Jobs
65
Total Portfolio Companies
Partnerships
A thriving startup ecosystem is critical to support young companies. They need capital, talent, and mentorship,among other things. In addition to our financial investments and guidance, MVF collaborates with many partners statewide to help companies access the resources they need at every stage.
Education: Maine Startup Challenge
A thriving startup ecosystem also needs access to talent and a next generation of aspiring entrepreneurs. The Maine Startup Challenge (MSC) is a statewide business plan competition across age groups, beginning in kindergarten, launched by MVF in 2022 to cultivate creative ideas and inspire future innovators and business leaders in Maine.
539
IDEAS SUBMITTED
16
COUNTIES PARTICIPATING
450+
SHOWCASE ATTENDEES
$68k
PRIZE MONEY AWARDED
4
YEARS OF MAINE STARTUP CHALLENGE
MVF generates impact in the state by providing funding to scalable companies who boost Maine’s economy by driving innovation and creating high-quality jobs.
IMPACT CATEGORIES
Jobs
How many jobs will be created in the state over the next 12 months and longer term?
What types of jobs (salaries, benefits, industry, etc.)?
Community
Where is the company located, and how will the company’s success contribute towards their local Maine community?
Will underserved communities benefit?
Diversity
Is there representation of women and other underrepresented leaders at the company?
How will the company's work impact historically underrepresented populations?
Environment
Does the company help to protect natural resources in a way that both preserves the Maine way of life and contributes toward climate resilience?
Will heritage industries, including fishing, farming and forestry, benefit?
